- Maker coin price is currently seeing a downside momentum and can soon hit the next low. It may see a breakdown to the $2200
- MKR price technical indicators suggest a consolidation in price. In contrast, MKR/BTC pair has seen a downslide of more than 1.16%
MKR crypto price is currently seeing a consolidated momentum but can soon see a major breakout. Maker price is up by more than 4.5% in the intraday session and is trading near the value of $2520. The asset price has a very high ROI which has benefited the retail and institutional investors. One can invest in MKR as per their needs and risk adversity.
MKR’s market dominance along with its market cap is seeing a strong recovery and can soon attain the previous levels. Maker price is down by more than 64% from its all-time high. The volume to market cap ratio of Maker hints towards a strong momentum for the future. One can forecast strong growth in Maker in the future.
MKR Crypto Price Is Ready To See A Major Breakout
The weekly technical chart of Maker Coin price suggests a consolidated momentum for the upcoming weeks. In contrast, on the daily chart, the asset price is currently seeing a consolidated momentum. According to the Fibonacci level, the price might see a breakdown above 0.618fib, which might push the price to a new high. MKR price might face resistance while going upwards can be seen near $3000.Meanwhile, the support region for the asset price can be found near $2000.
While diving into the daily chart MKR price is looking to give a breakout. If the price jumps 5 to 10% above the current level then a strong upside momentum can be seen. MKR/BTC pair can also observe a strong momentum in the future
The volume indicator for the MKR coin is near 247K with a small buying pressure. One might see a surge in buying volume in the upcoming days
The coin price is ready to see momentum above the 50 and 100 DMA. The 100 DMA is near $2945 acting as a temporary resistance in price.
CONCLUSION
MKR coin price is currently seeing a consolidated momentum but can soon revert to the uptrend. MKR/BTC pair can also see a new high in the future.
Technical Levels
Resistance: $3000
Support: $2000